RIL says PFY, PSF & PET production volumes rise to 19% in Q1
27 Jul '05
11 min read
The refinery margins were robust in all the regions as product price increases were higher than the concomitant rise in crude oil prices.
During the period under review, Reliance recorded 96% capacity utilisation at its Jamnagar Refinery. The refinery processed 7.92 million tons of crude during the quarter.
This capacity utilisation compares favourably with the utilisation rates for other refineries, both in India and abroad, at 93% for North America, 86% for Europe, and 88% for Asia Pacific region.
Exports of refining products during the quarter under review were 2.46 million tons, compared to 2.55 million tons in the corresponding period last year.
RIL's downstream integration through Industrial and Retail marketing of transportation fuels continues to be in full swing. Reliance already has the necessary approvals for setting up 5,849 retail outlets across India.
As on date, over 550 outlets are operational. Throughput per outlet continues to be high at approximately 4 to 5 times the industry average. Reliance will continue to set new standards of product and services quality through its retail outlets. This will help improve margins, overall return on capital and, consequently, shareholder value. Reliance is on course towards targeted completion of its Retail roll out by Q2 2006.
The quarter saw the introduction of BSII/BSIII petrol and diesel in most parts of the country thereby bringing the quality of fuels sold in the country in line with the developed world. Our retail outlets continued to dispense quality fuels that exceeded the required specifications.
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